Pre-Pack Administration
A Pre-Pack Administration is where the buyer of the business has been lined up and agreed before the date of the Administration order.
Pre-packs were designed to preserve the value of the business by allowing a very quick sale however they cause controversy because creditors find out about the sale and Administration after the event.
Click on the following articles to find out more about the different pre-pack administration options available to businesses.
What are the new rules governing connected sales in pre-pack Administrations?
When Should I Use Pre-Pack Administration?
Pre-Pack Administration – The Rules
Advantages And Disadvantages Of A Pre-Pack Administration
What Is A Viability Statement?
Guide to Pre-Pack Administration
The Difference Between Pre-Pack Administration And Company Voluntary Arrangements
What Is A Pre-Pack Pool?
Can I Use A Pre-Pack To Settle A Shareholder Dispute?
David Kirk
Kirks Insolvency
David qualified as a Chartered Accountant in 1990 and Licensed Insolvency Practitioner in 1996. David will give you clear and plain language advice about your business’s options and make a recommendation of which route he thinks will work best for you.
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“Very efficient and cost effective”
I have found Kirks Insolvency to be very reliable in terms of their dealings with us as their customers. They are clear in terms of the process and what it entails and are very prompt when it comes to communications. I would recommend their services.
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Business owner
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